Malaysian Investment Development Authority (MIDA) released the following media release titled Investors Show Growing Confidence in Malaysia - Malaysia Attracted RM193.7 Billion (USD41.7 Billion) of Approved Investments In January - September 2022 as well as an attached infographic. Media release and infographic are as follows:

• Malaysia attracted RM193.7 billion (USD41.7 billion) of approved investments in services (RM113.3 billion or USD24.4 billion), manufacturing (RM64.9 billion or USD14 billion), and primary sectors (RM15.5 billion or USD3.3 billion), an increase of 2.5 per cent as compared to the same period in 2021.
• Foreign Direct Investments (FDI) remained the major contributor to the total approved investments at 67.5 per cent or RM130.7 billion (USD 28.1 billion), an increase of 15 per cent as compared to the same period last year, while Domestic Direct Investment (DDI) contributed 32.5 per cent or RM63 billion (USD13.6 billion).
• The People's Republic of China (PRC) dominated foreign investments totalling RM49.2 billion (USD10.6 billion).

Malaysia remains a top investment destination among global investors and a hotspot for business expansion. Investors continue to show confidence to invest in Malaysia as the new premier leadership is focused on strengthening the country's economic growth and retain Malaysia's reputation as a stable investment destination.

On behalf of our fellow member The International School of Kuala Lumpur (ISKL), we would like to share regarding the annual iFest event.

Excitement was in the air during The International School of Kuala Lumpur’s (ISKL) annual iFest event that was organized by the Parent Teacher Association (PTA). There were many cultural activities on the day, such as a flag parade and performances that left audiences in awe.

At the canteen, visitors get to sample mouth-watering cuisines from around the world. While over at The Jungle, children went on the bouncy inflatables, tried their hand at traditional games like congkak, and had a go at the Haunted House. Visitors could also shop for items at the iFest marketplace.

We would like to welcome CTOS Basis Sdn Bhd as a new member of EUROCHAM Malaysia! We are excited to work together with your esteemed organisation as we strive to bolster alliances and strengthen partnerships within the EU-MY business community. We are #strongertogether as we work to provide the utmost best service to our ecosystem.

CTOS Basis is Malaysia’s premier online Business Credit Information, Company Credit Report & Financial Information portal. It provides both local credit reports and international credit reports. CTOS provides easy and immediate online access to millions of company reports from various public sources worldwide. Customers can enjoy free directory searches online in Malaysia, Singapore and 80 countries worldwide. Customers can also download the “online database report” which is more affordable than an updated (fresh investigate) report.

EUROCHAM Malaysia was invited for a meeting with the Minister of International Trade and Industry, YB Tengku Datuk Seri Utama Zafrul bin Tengku Aziz as part of his onboarding process. The introductory session was attended by EUROCHAM Malaysia Chairman, Mr Oliver Roche, Deputy Chairman, Mr Luciano Pezzotta and Mr Jordi Pol, Director of EUROCHAM Malaysia.

Pertinent matters were discussed, primarily the Malaysia-EU Free Trade Agreement (MEUFTA) of which the negotiations were previously launched in 2010 but reached an impasse in 2012. EUROCHAM Malaysia expressed our vested interest in the recommencement of negotiations between the Malaysian government and the EU on the MEUFTA. To this end, EUROCHAM Malaysia has jointly formed a task force with the Federation of Malaysian Manufacturers (FMM) to facilitate the process of reviving the dialogue with the EU.

EUROCHAM Malaysia also conveyed their sentiments about the Comprehensive and Progressive Agreement for the Trans-pacific Partnership (CPTPP), echoing their full support for the ratification and commitment to the free trade agreement.

The manufacturing sector recorded RM158.9 billion in sales in October 2022, an increase of 12.9% year-on-year, said the Department of Statistics Malaysia (DOSM).

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the double-digit growth in sales value in October was largely driven by the petroleum, chemical, rubber and plastic products subsector (up 23.8%).

The growth was also attributed to electrical and electronics products (16.6%), and food, beverages and tobacco products (4.6%).

Mohd Uzir said the manufacturing sector employed 2.32 million persons in October, up 3.6% from 2.24 million persons in the same month last year.

Prime Minister Datuk Seri Anwar Ibrahim has announced the full list of the deputy ministers.

The full list of the deputy ministers are as follows: